NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Dec 15, 2014 05:06 AM CST

Live Cattle: The February contract closed $2.700 lower at $162.15 last week after. The contract moved below last week's low, the previous four-week low, of $164.425 extending the recently established (week of November 24) secondary (intermediate-term) downtrend. That same week saw weekly stochastics establish a bearish crossover, also indicating the secondary trend has turned down. Initial support is pegged near $158.15, the 33% retracement level of the previous uptrend from the contract low of $128.85 through the recent contract high of $172.75.

Feeder Cattle: The January contract closed $9.275 lower at $225.60 last week. The secondary (intermediate-term) trend remains down ...

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